By Amanda Iacone
The US audit regulator plans to update core requirements to better reflect modern data analysis techniques that have reshaped how auditors review corporate reporting and ensure financial statements can be trusted.
The Public Company Accounting Oversight Board on Wednesday updated its standard-setting agenda to include revisions to a trio of rules that cover how auditors consider the evidence they gather, identify misstatement risks, and respond to those risks.
Board staff have spent the past several years researching how audit firms use data and technology to collect and analyze information from and about their clients’ operations and finances. Existing …
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